Globe Telecom, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 15, 2023 at 09:14 pm EDT
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Globe Telecom, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 4,074.68 million compared to PHP 4,039.96 million a year ago. Revenue was PHP 4,114.14 million compared to PHP 945.35 million a year ago. Net income was PHP 7,073.48 million compared to PHP 6,006.43 million a year ago. Basic earnings per share from continuing operations was PHP 47.21 compared to PHP 39.65 a year ago. Diluted earnings per share from continuing operations was PHP 47.05 compared to PHP 39.53 a year ago.
For the six months, sales was PHP 9,123.29 million compared to PHP 8,441.75 million a year ago. Revenue was PHP 7,498.01 million compared to PHP 12,114.89 million a year ago. Net income was PHP 14,327.05 million compared to PHP 19,651.54 million a year ago. Basic earnings per share from continuing operations was PHP 94.69 compared to PHP 141.23 a year ago. Diluted earnings per share from continuing operations was PHP 94.37 compared to PHP 140.66 a year ago.
Globe Telecom, Inc. is a Philippines digital platform company with interests in telecommunications, financial technology, digital marketing solutions, venture capital funding for startups, entertainment, and virtual healthcare. The Companyâs segments include Mobile Communications Services and Wireline Communications Services. The Mobile Communications Services segment provides digital cellular telecommunications services, which includes mobile voice, mobile SMS, and mobile data. The Company offers its mobile communications services to consumers, corporate and small and medium enterprise (SME) clients through a range of brands, including globe postpaid, globe prepaid and touch mobile. The Wireline Communications Services segment provides fixed line voice, corporate data, and home broad band services. It offers a range of fixed line communications services, wired and wireless Broadband access, and end-to-end connectivity solutions customized for consumers, SME, and businesses.